California Financing Law (CFL)

All DFPI licensees under the California Financing Law (CFL) are required to submit an annual report on or before March 15, 2025, even if the licensee had no business activity in the calendar year 2024. Failure to submit the annual report by the due date will result in penalties that can amount to $25,000. Click HERE for a penalty matrix reflecting the penalties assessable based on the late-filing date. 

Debt Collection Licensing Act (DCLA)

All licensees under the Debt Collection Licensing Act (DCLA) must submit an Annual Report to the DFPI by March 15, 2025. Although no penalties have been prescribed for not filing on time, we advise doing so to avoid possible forfeiture of the DCL license.

DFPI Account and Designated E-mail Address

Institutions licensed by the DFPI are required to provide and maintain an email account that is designated for communications with the DFPI. Please check this e-mail account for details regarding the filing of the required Annual Reports.